Maruti Q2 net misses street view despite record quarterly sales
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Maruti Suzuki’s consolidated net profit fell 26% to ₹2,466 crore in the fiscal second quarter.
- ✓Despite record sales of 696,654 units, higher input costs and lower other income hurt earnings.
- ✓Chairman RC Bhargava said, "We have not seen this kind of growth in sales in many years," noting strong domestic demand.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Maruti Suzuki's consolidated net profit fell by 26% in the fiscal second quarter to ₹2,466 crore. Revenue rose 26% to ₹53,355.5 crore, driven by record sales of 696,654 units. The company achieved 40.8% market share with strong demand for small cars and SUVs. Operating profit decreased due to increased input costs and lower other income.
New Delhi: Maruti Suzuki missed Street estimates to report a 26% year-on-year decline in consolidated net profit at ₹2,466 crore for the fiscal second quarter as higher input costs and lower other income outweighed an increase in revenue spurred by record car sales. India's largest carmaker posted a year-earlier net profit of ₹3,349 crore.
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Economic Times
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